Interxion Holding NV has announced, that in response to customer orders, it is accelerating the completion of 7,200 square meters of equipped space in its AMS 7 data centre in Amsterdam and expanding customer available power to 15 MW. Interxion also announced that it is accelerating completion of FRA 8, its 3,600 square metre data centre in Frankfurt.
As a result of customer orders, Interxion is increasing its 2014 annual capital expenditure guidance to €175 million - €200 million. Approximately 70% of Interxion’s capital expenditure for 2014 will be dedicated to satisfying signed customer contracts. In order to support its updated capital expenditure plan, Interxion also announced it has entered into a new €100 million senior secured credit facility. The new credit facility has an initial maturity date of April 14, 2015 with options to extend for 12 additional months.
“The strong bookings momentum that we experienced in the fourth quarter of 2013 has continued into 2014, as cloud infrastructure providers continue to commit resources to prepare for European enterprise cloud migration. The increased financial flexibility gained from our newly signed credit facility positions Interxion to capture additional growth opportunities as a result of these positive industry trends. Consistent with our strategy to prudently align investment with customer demand, we are accelerating and expanding construction of AMS 7 and FRA 8 in response to committed customer orders,” said David Ruberg, Interxion chief executive officer.
In Amsterdam, Interxion will accelerate completion of the AMS 7 construction by adding two phases totalling approximately 2,600 square metres of equipped space and approximately 6 MW of customer available power to the four previously announced phases. The first phase of AMS 7 (AMS 7.1), with approximately 1,000 square metres and 1.5 MW of customer available power, opened in the first quarter of 2014. The remaining five phases are scheduled to open from 3Q 2014 through 2Q 2015. The capital expenditure associated with the complete build out of all six phases of AMS 7 is expected to be approximately €115 million.
In Frankfurt, Interxion will accelerate the completion of the two remaining phases of FRA 8 (four phases in total), with the two remaining phases expected to provide a total of approximately 1,800 square metres. Both remaining phases are scheduled to open in the first half of 2015. The schedule for the first two 900 square metre phases is unchanged, with openings scheduled to take place in the second and fourth quarters of 2014, respectively. FRA 8 will provide approximately 6 MW of customer available power when fully constructed. The capital expenditure associated with constructing all four phases of FRA 8 is expected to be approximately €67 million.